Each person on a team brings a unique perspective to the process; i.e., how things work; what happens when changes are made, and how to sustain improvements during daily work. Contributions are made from each individual's skill set and the team's synthesis of ideas.
Division of labor is the economic term for the practice of assigning small parts of a complicated job to individual workers who specialize in doing just their small part.
In economics, stagflation, a portmanteau of stagnation and inflation, is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It raises a dilemma for economic policy, since actions designed to lower inflation may exacerbate unemployment, and vice versa. The term is generally attributed to Iain Macleod, a British Conservative Party politician who became chancellor of the exchequer in 1970 and coined the phrase in his speech to Pa